162k views
4 votes
The long-run industry supply curve is usually more elastic than the short-run industry supply curve, but if entering firms make intensive use of an input that is in limited supply, then it is possible for the long-run curve to be less elastic than the short-run curve. Group of answer choices

1 Answer

4 votes

Answer Choices:

True

False

Answer:

False

User Errorseven
by
6.1k points